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REC to provide Rs 4,527.68 Cr loan for DVC project to set up 1,320 MW project in West Bengal

REC to provide Rs 4,527.68 Cr loan for DVC project to set up 1,320 MW project in West Bengal

REC Limited has entered into a pact with Damodar Valley Corporation (DVC) as part of which it will provide Rs 4,527.68 crore loan to set up a 1,320 MW project (2×660 MW) at Raghunathpur in West Bengal.

The agreement was signed in the presence of Shri Ram Naresh Singh, Chairman; Shri Arup Sarkar Member (Finance); Dr. John Mathai, Member-Secretary; Shri M. Raghu Ram, Member (Technical); Shri Joydeep Mukherjee, ED (Finance) & Shri Sumit Kumar Das, Sr. GM (Finance) from Damodar Valley Corporation and Shri Pankaj Verma, CPM from REC Ltd.

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